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Payment
Credit Decisioning
Engagement
RBI Guidelines for recurring payments
All types of cards (Debit cards, Credit cards, Prepaid cards etc.)
All merchant categories who accept recurring payments
Transaction limit of Rs. 15000 (without AFA)
Fixed or variable amount (Subject to maximum)
Key Highlights •
One time registration for e-mandate with AFA
•
Pre debit notification (at least 24 hours prior)
•
Processing of first transaction with AFA
•
Post transaction, Modification and withdrawal notifications
•
Subsequent transactions without AFA (up to Rs. 15000)
•
Velocity checks and risk mitigation
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Dispute resolution and grievance redressal
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Online facility to cardholders to modify/withdraw emandate
RBI’s circulars - DPSS.PD.CO.No.447/02.14.003/2019-2020 dated August 21, 2019 DPSS.CO.PD No.754/02.14.003/2020-21 dated December 04, 2020
BillDesk eMandate API Unified API covering all Payment Instruments Bank Account
e-NACH (NACH clearing mechanism) Direct Debit (direct integration with issuers)